So what is the purpose of showing a BIG Limit? Im getting the feeling its only to scare people. Because I see big prints when the limits are normal size.

I think this is by far the most active thread I have seen on futures.io (formerly BMT). Great learning and thank you for all the knowlege and open comunication. Now here comes a stupid and probably obvious question. Does anybody use tape reading at important levels in the market ,like at market profile area's?

Now you can see what potential lies in the simple things. High and low of the day. The opening and closing. Pros can not know where the stops and your orders. This is prohibited by law))) But they know how you think they know what you're doing. Why? They were you.
With regard to insider information, it is generally a grade. It is not available either to me or you. But you all saw how high the day worked.
Inside, it's mostly about contracts for companies, statistics, decisions at government level.
We have a stream of orders. Now, with regards to important levels. Quite clear that we must look at the tape at these levels. If the market goes higher, the tape will behave on the days high one type , if the market does not go higher, the tape will behave differently.
Need basic knowledge of the theory of the auction market. Read somewhere. Look. A profile of the market well write about it.

For doing good tape reading we always must think in OHLC or price levels, reaction, Size of limits and speed of the tape.
If you are all want to progress you ll have to do this.
Just understand you are doing this not only for yourself. Other peoples reading this thread to, and may find it more helpfull if information will be more structurized and organized)))) And those people would share expirience to and we will move further.
Also your progression will be more effective with structure
Today was inside range day. Tomorrow important news and market will go powerfull. Be prepared to trend tomorrow or after tomorrow

Ok here come the stupid questions...
Hoping you can help me overcome my ignorance:
1. "if you see 1000 at ask, uptick"
are you saying a 1000 printed on the T&S at the ask price ?
Where are we "seeing" this 1000 ?

2. If yes, then how can that be a limit sell ?
lets say at the time the bid/ask was 1134.00/1134.25.
1000 printed at 1134.25
Wouldn't the 1134 bid price have to go to 1134.25 bid in order for the 1000 to be filled as a limit sell?

3. If so the 1000 would be at a bid prince on T&S no ?

4.If the 1000 and then another 1000 and then the 10,000 were at an ask price on T&S why wouldn't they be market
buy orders ?

5. In other words how can a limit sell be filled at an ask price?

I'm obviously misunderstanding something and really appreciate any feedback.

thx

Ok here come the stupid questions...
Hoping you can help me overcome my ignorance:
1. "if you see 1000 at ask, uptick"
are you saying a 1000 printed on the T&S at the ask price ?
Where are we "seeing" this 1000 ?

2. If yes, then how can that be a limit sell ?
lets say at the time the bid/ask was 1134.00/1134.25.
1000 printed at 1134.25
Wouldn't the 1134 bid price have to go to 1134.25 bid in order for the 1000 to be filled as a limit sell?

3. If so the 1000 would be at a bid prince on T&S no ?

4.If the 1000 and then another 1000 and then the 10,000 were at an ask price on T&S why wouldn't they be market
buy orders ?

5. In other words how can a limit sell be filled at an ask price?

PS: obviously there is a sell at the buy price other wise there would be no fulfillment
of orders, I'm just not understanding the way it's displayed on T&S I guess

I'm obviously misunderstanding something and really appreciate any feedback.

thx

1) Yes. 1000 at ASK is Print on Time and Sales. It either filled the whole level or the remaining orders got pulled. Then Uptick.

2)I am no expert, but I always thought that what ever is on the limits and it gets filled then it shows it on Time and Sales.

No. A market order Buy fills the ASK limit.

You are getting confused with if you were selling on limit then yes the BID would have to touch you.

3) not so

4)Market orders fill the Limits. So I think that on the time and sales you see how big the limit orders were.

5)Market BUY.

If I am wrong please tell us. I might be misunderstanding something too and it might be imparing my tape reading.

Does anyone have a dual time and sales for ninja. I ask ninja and searched their forum with no luck. i would like to have 1 window for buy and the second for sell. ninja say's it's in the works but no time line. Thanks

so where are we seeing these "limit" sizes ?

Yes with you other wise there would be no market I guess..bit I wish I could always get a sell filled at the ask price..!

This is what i mean. On the DOM, you see 150 on ASK. This is total orders. What we dont know is if its 3 - 50 lots or 150 1 lots, etc. But when it gets filled with a market order then on the Tape(T&S) it prints, showing us the sizes of the orders that were on limit. Thats at least how I think it works.

Yea I wish that too sometimes.

I just asked a programmer how much would cost. $750!